4119 Willard Dr, Chattanooga, TN 37416

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Building Details:

• Year Built: 1965

This is a small apartment complex of 34 units in 9 buildings. The buildings consist of duplexes and four-plexes. (see pictures). There are 20 units available for sale. Several years ago the apartment complex was turned into a condominium association. So, technically there are 34 individual units of which 20 are for sale here.

This complex is strategically located off Hwy 153 near the Bonny Oaks Drive. It is easy drive to get downtown via Amnicola Hwy and easy to get to Hixson and East Brainerd Via Hwy 153 and I-75. Then of course it is within 3 miles of the Enterprise South Industrial Park where the Volkswagen and Amazon plants are located.

Current rents are in the $625 to $750 range with rents at $700 per month.

The owner is an out of town owner and has struggled some with the managing the operation and now wants to sell and reinvest closer to home.

Chattanooga was recently ranked number one market in the country for rental rate increases. Now is a great time to buy apartments in Chattanooga.